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CEF for ROTH IRA?

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dubbya   Saturday, 03/07/15 08:50:01 PM
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CEF for ROTH IRA?

Does anyone have experience with holding CEF in a Roth IRA account? I have read everything available on Passive Foreign Investment Company status (PFIC)/QEF election and its confusing, or I've read conflicting information. The IRS info on it is clear as mud too. Even my tax accountant/CPA isn't sure. I don't want to jump in before knowing what to expect.

The main thing I want to know:
Are their capital gains taxes due when I sell shares held in a ROTH IRA.

Also, if in a Roth, do I need to file a Form 8621 annually while holding it and/or make a QEF election?

I'd be interested in comments from people who have dealt with this issue specifically with a Roth IRA.


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